University of Liverpool spinout Atomik AM has received £125k in investment from LYVA Labs.
The business creates engineering solutions for the advanced manufacturing sector from its base at the University of Liverpool’s School of Engineering.
The company plans to use the investment to accelerate product commercialisation.
The funding also supports the business to develop new intellectual property, file a new patent, secure eight jobs, and create a COO role.
Atomik AM have already had successful collaborations with blue-chip companies.
Founder and CEO Professor Kate Black successfully exited Meta Additive Ltd, a company which she founded, after nearly three years in June 2022.
She said: “This investment is a testament to the groundbreaking work our team is doing to advance additive manufacturing processes.
“It allows us to expand our capabilities, accelerate innovation, and bring sustainable, cutting-edge solutions to the industry.”
LYVA Labs’ head of investments, Akshay Bhatnagar, added: “We hope this will be the first of many investments alongside the University of Liverpool.
“Atomik AM exemplifies the excellence found in advanced manufacturing R&D across Liverpool City Region, and we are pleased to be part of this business’ exciting innovation journey.”
Liverpool City Region Combined Authority invested £10.5m in LYVA Labs to support innovators to turn great ideas into high-growth businesses.
This is part of Mayor Steve Rotheram’s ambition to invest 5% of regional GVA into research and development (R&D) by 2030.